LOCM Ticking Higher On Google Speculation

Local.com Corporation (LOCM ) rose 12.78 percent to $7.19 in early Tuesday trading. Strength being attributed to a NY Post Post article that says “Google (GOOG), whose $6 billion buyout offer was spurned by online coupon site Groupon, is in talks with much smaller rivals of the two-year-old firm.”

LOCM currently trades at a trailing P/E of 24.27, a forward multiple of 7.85 and a t/12 EPS of 0.29. More than 933,000 shares have already traded hands compared to a daily average of around 968,000.

Disclosure: No Position

About Ron Haruni 1044 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.